The Philippines’ Board of Investment (BoI) has approved Sinoma Energy Conservation (Cebu) Waste Heat Recovery (WHR) Co Inc as the new operator of a 4.5MW WHR plant in Naga City, Cebu province.

"Under a Power Supply Agreement, the WHR power generating plant will provide significant support to a specific cement company in Cebu by capturing and using the waste heat of the cement plant to generate a steady and cost-effective supply of electricity at about 23,130,000kWH per year," said the BOI said.

The WHR unit is expected to commence operations during the 1Q22.